•  
  •  
 

Economic and Financial Review

Keywords

Housing Finance, Mortgage Finance, Housing, Nigeria, Public Private Partnerships

Abstract

The article examines strategies on how unlocking the potentials in the housing market through the Public Private Partnerships (PPP) investment model. The model is seen as essential given that housing is now an indicator of personal socio-economic standing in society, and a core determinant of standard of living and access to economic opportunities globally. The article further discusses the imperative for Public Private Partnership (PPP) Housing and Social Housing or Public Rental Housing. Furthermore some PPP models that may be suitable for housing projects in Nigeria are identified like: Build Own Operate; Design-Build-Finance-Maintain-Operate/Build Operate Transfer and Operation and Maintenance Contract. The article further examines the challenges and solutions to PPP Housing; Public Private Partnership Financing in Nigeria; and Financing Affordable. Also discussed is the role of Infrastructure Concession Regulatory Commission (ICRC) inaugurated in November 2008, as a way of addressing the huge infrastructure deficit in Nigeria and the decrepit state of existing infrastructure within the within the Nigerian PPP Framework. The article concludes by stressing the need for public and private sectors in Nigeria to synergise efforts to address the housing and other infrastructure challenges in the country through appropriate PPP models and arrangements for the benefits of Nigerians.

Author Bio

Engr. Chidi K. C. Izuwah is the Director-General of the Infrastructure Concession Regulatory Commission, Abuja.

Publication Title

Economic and Financial Review (EFR)

Issue

4

Volume

57

Share

COinS
 
 

To view the content in your browser, please download Adobe Reader or, alternately,
you may Download the file to your hard drive.

NOTE: The latest versions of Adobe Reader do not support viewing PDF files within Firefox on Mac OS and if you are using a modern (Intel) Mac, there is no official plugin for viewing PDF files within the browser window.